Are overseas workers being failed by employers?

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With over forty years of experience within the international finance and investment industry, Pryce Warner International Group have assisted the global expat community with an array of money matters and changes to the global economic climate that are likely to impact expats around the world. Here they comment on international employment and the one single factor that could threaten its rising popularity.

Firms are looking for expat employees who can fill overseas vacancies.

Employers now have a wider scope of applicants to choose from when finding suitable workers.

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As recently reported in an online article published by expat community ExpatForum, many of the 320,000 British expat employees who now relocate to a new overseas location each year are being failed by British employers who aren’t providing an adequate level of support to expat employees. There are some consideration-worthy aspects to keep in mind however.

The changing work patterns currently displayed by professional expats, whose growing collective interest in securing a mobile position has been monitored by global employment experts for years, could be explained by this single yet significant underlying shortfall in support.

In this, our unprecedented “Information Age”, the speed of mankind’s technological progress is reflected in the escalating frequency of scientific progression now being made. But as mobile careers increase in popularity, inevitable change amidst today’s professional landscape is to be expected.

Expat employers are now creating more remote vacancies in an effort to sidestep a host of costly issues such as cultural compatibility, healthcare or taxation. This provides employees with an overall sense of well-being that can positively impact their performance in a job devoid of pitfalls.

Director of Operations at Pryce Warner International Group David Retikin, offered further insight into the reasons why expat employment could soon escalate internationally:

“Online positions advertised by British employers already attract a healthy amount of interest from prospective employees based all around the world. This effectively means that employers have a wider scope of applicants to choose from when finding a suitable worker, whilst jobseekers can take advantage of wider search parameters when looking to start or progress their career. Because location has become one less major factor to worry about, it’s a win-win situation for all involved.”

International businesses hoping to increase their customer base in a specific location know they can usually rely on the local knowledge and experience of a native referral agent to help deliver results. The finance and banking industry is currently generating more interest than any other.

Although British employers can face high levels of stress and expense when choosing to relocate their workers, they can save time and money by employing a remote overseas workers and dedicated individuals who are attracted by the higher salaries and career prospects offered.

With virtually endless possibilities being presented to those hoping to enhance their future, the face of global employment is quickly becoming unrecognisable. Career-minded expats considering a change in direction from their current position can now search far beyond their geographic borders.